Aastha Spintex Ltd’s initial public offering has reached full subscription on the second day of bidding, signaling strong investor appetite for the textile manufacturer’s equity debut.
The issue recorded an overall subscription of 1.16 times as of 1:06 pm, with non-institutional investors providing the primary demand momentum.
The rapid uptake marks a significant acceleration from the close of day one, when the offering stood at 88% subscribed.
The rapid uptake marks a significant acceleration from the close of day one, when the offering stood at 88% subscribed.
The shift suggests that retail and high-net-worth individuals are driving the final leg of the subscription process, a pattern often seen in Indian IPOs where institutional allocation is reserved for the final hours or oversubscription scenarios.
Aastha Spintex priced its ₹170 crore offer within a band of ₹125 to ₹136 per share, aiming to raise capital for expansion and debt repayment.
The issue remains open until July 1, 2026, at which point the final allotment and listing price will be determined based on the total oversubscription levels.